Amount$100M
Post-money valuation$1.6B
SeriesSeries E
AnnouncedMay 15, 2024
Revenue multiple16.0×
Valuation step-up2.1×
Time since last round462 mo
SectorComputing, Data, Storage, Software Defined (SD), Enterprise
Sub-sectorArtificial Intelligence, Machine Learning
Strong
A strong, well-structured round.
Round size vs peers
In line with the typical Series E round.
Syndicate size
Party round (13 investors) — diffuse ownership and signal.
Insider conviction
13 existing investors re-upped — insiders doubling down.
Investor track record
A mix of established and emerging investors.
Valuation step-up
Healthy 2.1× valuation step-up.
Heuristic read of round size vs peers, syndicate size, insider conviction, and investor track record. Not investment advice.
vs. Series E rounds (478)
Round size distribution42th pct
smaller Series E roundslarger
Post-money valuation39th pct
$103Mthis round: $1.6B$10.2B
vs. Computing, Data, Storage, Software Defined (SD), Enterprise (7)
Round size in sector86th pct
$10Mthis round: $100M$135M
